Across Protocol team allegedly misappropriates $23M in ACX tokens

Ogle, an advisor at World Liberty Financial (WLFI), stated in a recent X post that the team of cross-chain intents protocol Across Protocol manipulated the outcome of a governance vote to siphon off $23 million in ACX tokens. Specifically, the team transferred a total of 150 million ACX ($23 million) to its for-profit entity Risk Labs under the guise of "strategic investment" and "retroactive funding." According to the post, the Across team leveraged insider addresses to manipulate the voting results, resulting in the passage of the corresponding proposal. Without the engagement of insider addresses in the vote, the proposal would not have passed due to lack of a quorum, Ogle added. Therefore, the team's actions have directly harmed ACX holders by creating potential token selling pressure, Ogle underscored.